The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-11-10
COTTON CROP OF 1886.
ERRORS IN THE NATIONAL COTTON
EXCHANGE REPORT OF TOTAL.
The Difference Between the Statistical
Crop and the Actual Commercial
Crop or Total Product for tho Past
Year.

The Cotton World, on the eth OF Sep
tember, presented an official annual state
ment OF the cotton movement OF the
United States for the year ending August
81, 1886, making the crop Of lSS6-S7 ut
6.5Oj 0S7 bales. Upon this official state
men, large amounts of money changed
hands. there being heavy betting ON the
amount of the crop to be settled by the
official figures OF the Cotton World, repre-
sentiny the National Cotton exchange.
The editor Of Cotton Facts, n New York
statistical publication issued last month,
regrets that he cannot accept rs authorize
tive and correct the report OF the crop
above given, because, he says, II bears cvl-
dencc OF hasty preparation, Is hill of mae
cumcics. and upon which thorc ~ CON
elusive proof assuming the figures from
other ports 10 be- correct, that his investi-
CATION proved beyond question that the
receipts at Brunswick, Ga, Nep only 30
ass bales instead OF -, PSb bales, ~ stated
by the National Cotton exchange. The
difference of ,j02 bales must therefore be
deducted from the National exchange fig
urrs or port receipts, thus making the
total crop 6im,hS5 instead OF 6,jO,-
OS1 bales There can be no question that
the National exchange figures Ior Bruins
wick receipts Ovcrratc the receipts by
railroads ,2j6 bales. They also include
5000 bales by Mallory's steamers, which
merely touched at Brunswick, en- route
from fornandina 20 Savannah. Not bale
OF the 4,24G was landed Mt Brunswick; II
was all counted in the receipts OF New
York and Savannah respectively, as has
been the custom for several years. IL the
exchange knew the actual facts and yet
decided 10 count the i,2ib bales IN Bruns-
wick receipts, It should have dcdu9ed
them from the receipts at New York ana
Savannah, and as Il did not do 30 there
can b. no question that the i,2l6 bales
were counted twice, and should be de
durlcd from brunswick receipts The Cot
ton World Oi the 9TH inst cOrrccts its AN
nual statement in It's issue OF September
IL, for the year ending August II, and
states that Tor commercial purposes the
count then made IA the statistical crop Of
the country; however, II h well known
the Figures do not always rcp.
resent the actual production Of
the year. In act, they vary Rom
Il hundred Thousand bales. etc
There was a net uycruuni. unlor the STA
tistical system, 81 -, bia bales 81 the 1886
production in 80 far as the August receipts
of the ncy crop were concerned. Again,
IN the annual statement 81 the crop move
mcnt NO account IL taken 1T stocks nj in
terror towns at the close Of the season. In
the computation Of the commercial crop
only three elements are considered first,
the scaboarl receipts in the southern
States. second The shipments overland III.
rect across the Mississippi, Ohio and
Potomac riycn. third, the consumption OF
southern COttOn-mils The following
shows the production OF the south ior the
commercial year ending August 81, 1856.
Bnlcz
ftatistioal Crup promulgated tOt iS0s....0 1905
Dcdurt rccclpts ui new utiou ut the porlh
In August, iS,l and belonging o. the crup
VI w. hl.Utl